Can you please provide steps? Can you please provide steps? Can you please provi
ID: 2554179 • Letter: C
Question
Can you please provide steps?
Can you please provide steps?
Can you please provide steps?
ture Company makes wooden furniture. The following materials standards have been established Sor their most popular bar stool: Standard quantity per unit of outpat Standard Price of Material 1.7 board feet $ 19.80 board foot The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 5,800 board feet S 111,530 5,100 board feet 3,200 units 14 What was the purchase price variance for the month? 3,310 Unfavorable S 3,310 Favorable S 6,732 Unfavorable S 6,732 Favorable None of the above Topeka Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead. The following information relates to production for last year: Variable Fixed Total budgeted overhead (at the denominator level of activity) Total applied overhead Total actual overhead 432,000 S 684,000 S 410,400 S 649,800 S 456,000 S 655,500 The standard machine-hours allowed for actual output during the year were 7,600. The actual machine-hours incurred were 7,500 What was Topeka's variable overhead efficiency variance? 15 $21,600 Favorable $51,000 Unfavorable S5,400 Favorable S5,472 Unfavorable None of the above Page 9 of 12
Explanation / Answer
B $3310 Favourable Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Standard Actual Particulars Board feet Rate amount Board feet Rate amount Materials 5,440.00 19.80 107,712.00 5,800.00 19.2293 111,530.00 Actual output 3,200.00 Materials reqd (3200 * 1.7) 5,440.00 Actual rate = 111,530/5800 19.2293 DMPV = (SP-AP)*AQ purchased DMPV = (19.80 - 19.2283)5800 DMPV = (.5707)5800 DMPV = $3,310 F